Stephen Padnes, 79, of Glenside, Pa., faces a maximum sentence of 149 years in prison and agreed to pay $301,219 in restitution to the IRS for underreporting his income by more than $700,000 between 2012 and 2014.
Mr. Padnes agreed to pay an additional $2 million for violations of the Controlled Substances Act and False Claims Act. Mr. Padnes also agreed to civil forfeiture of $1.8 million in cash seized from his home as proceeds of unlawful prescribing.
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.